Tag Archives: layoffs

Youth Unemployment in Europe and the US

Youth unemployment in Europe and the US

A new report from Eurostat shows that the economic crisis in Europe is creating rising unemployment throughout the continent. The 25 years old and under age group has been the hardest hit by a wave of layoffs and by the reluctance of firms to hire. In Greece and Spain, youth unemployment has risen above 50%, a level which has been fueling mass protests and even violence. Check the article at The Atlantic for a more detailed discussion about the graph above.